Trump’s Iran strikes accelerate the world’s drift from dollar dominance

March 1, 2026

Donald Trump’s attack on Iran, with its puerile Pentagon nametag, Operation Epic Fury, is another show of violent force from a bullish administration.

Aside from unleashing fresh instability across the Middle East, the strikes add to the sense of a US operating with little regard for international law or global norms – as with Trump’s on-off tariff regime, and the attack on Venezuela.…

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